RnR Market Research

The metal bonding adhesives market was valued at USD 5.30 Billion in 2015 and is projected to reach USD 7.70 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. In terms of volume, the metal bonding adhesives market is projected to grow from 1,337.5 KT in 2015 to 1,871.1 KT by 2021, at a CAGR of 5.8% during the forecast period.

Pune, Maharashtra -- (SBWIRE) -- 03/23/2017 -- Growth of The Metal Bonding Adhesives Market is mainly driven by the expansion of the automotive, pharmaceutical, mining, and chemical industries. Growing preference for metal bonding adhesives over traditional bonding techniques such as fabrication and mechanical fastening is another significant factor driving the growth of the market. Fluctuation in raw material prices is affecting the value chain, which acts as a major restraint to the growth of the metal bonding adhesives market. However, adhesive producers in Europe and North America such as Arkema S.A. (France) and The Dow Chemical Company (U.S.) are shifting their focus on producing bio-based adhesives. The stagnant economic growth of countries in the South American and European regions, which are major revenue pockets for metal bonding adhesives, has negatively impacted the sales of these adhesives.

The acrylic-based metal bonding adhesives segment is the fastest-growing resin type segment of the metal bonding adhesives market, followed by epoxy-based metal bonding adhesives. Demand for acrylic adhesives is mainly propelled by their impact strength, excellent adhesion, and excellent bond strength equivalent to that of epoxy-based adhesives. These adhesives are mainly used as anaerobic adhesives in industrial applications.

The automotive & transportation segment is the fastest-growing application segment of the metal bonding adhesives market. Increasing usage of metal bonding adhesives that are replacing traditional bonding methods, such as fabrication and fastening, is anticipated to drive the growth of the metal bonding adhesives market in the automotive & transportation application segment. These adhesives are increasingly utilized to develop automotive exteriors and body panels of buses and trucks as well as in panel bonding applications.

The industrial segment is the second fastest-growing application segment of the metal bonding adhesives market. Increasing demand for metal bonding adhesives in industrial applications such as ultracentrifuge rotors, machinery base plates, cooling water pumps, reaction injecting moulding machines, cooling water pumps, and industrial pumps is expected to drive the growth of this segment.

The metal bonding adhesives market in the Asia-Pacific region is projected to grow at a high CAGR from 2016 to 2021, both in terms of value and volume. Industrial growth in countries such as India, Vietnam, Indonesia, and Thailand, and increased investments in chemicals, petrochemicals, oil & gas, and food & beverages industries are key factors driving the growth of the Asia-Pacific metal bonding adhesives market. Increase in investments made by companies in the automotive sector, the shift of production facilities to emerging economies, and strong industrial base, are additional factors contributing to the growth of the metal bonding adhesives market in the Asia-Pacific region.

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